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Hormuz Energy Shock Lifts Producer Inflation To 6.5%, Highest Since December 2022
The headline Producer Price Index climbed from 5.7% year-over-year in April to 6.5% in May, topping economist expectations of 6.4% — the hottest reading since December 2022.
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forbes.com
Consumer Prices Rose 4.2% In May—Highest Inflation Since 2023
Inflation worries remain as employment data has surpassed expectations.
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cryptobriefing.com
China's factory-gate inflation accelerates amid Middle East conflict
China's PPI surged 2.8% in April, its highest in 45 months, as Strait of Hormuz disruptions drive commodity prices higher and squeeze manufacturer margins.
